Max Estates Plans Ambitious Residential and Commercial Expansion in NCR
Max Estates, a prominent real estate developer in the National Capital Region (NCR), is set to launch new residential and commercial projects worth ₹17,000 crore over the next few years, aiming to significantly boost its market presence.
Max EstatesReal EstateNcrResidential ProjectsCommercial OfficeReal Estate NewsOct 17, 2025
The Noida-based real estate developer, operational since 2016, is preparing to launch housing projects with an estimated gross development value (GDV) of ₹17,000 crore over the next couple of years, starting this fiscal.
Publicly listed Max Estates clocked around ₹5,000 crore of pre-sales in FY25 and aims to sell around ₹6,000-6,500 crore worth of residential units in the current year. The company, which also acquires land and develops premium office assets, plans to grow its annuity or rental income from ₹150-200 crore to ₹750-850 crore in five years.
“I think that the opportunity for us to scale and grow is immense. We have a clear direction of where we are going in our office business. We will also grow our residential business and likewise we will be growing both the senior living footprint. Our focus will continue to remain on NCR, particularly Noida and Gurugram,” Max Estates' vice-chairman and managing director Sahil Vachani said in an interview.
Vachani is Max Group chairman Analjit Singh's son-in-law. Max competes with the likes of DLF Ltd, Signature Global, M3M, and Godrej Properties, among others, in the NCR market. Shares of Max Estates were at around ₹485 on Friday morning trades. The scrip has lost 13.55% in value since 1 January while the sectoral index, Nifty Realty, has shed 10.5%.
The plans for this fiscal come on the back of robust growth. In FY25, the company’s total income rose to ₹249.6 crore, more than doubling from ₹120.2 crore in the preceding year. It posted a profit of ₹26.43 crore compared to a loss of ₹55.12 crore during the period.
In FY26, there are three residential project launches lined up. The first is in Gurugram, which will offer an inter-generational living concept in collaboration between Max Estates and Antara Senior Living, another Max group venture. The Max group's luxury housing and senior living projects are housed under its Antara brand.
The second is an ultra-luxury project named Delhi One in south Delhi, which was acquired through the insolvency route. The project will have just 58 residences that will be sold by invitation.
The third is a 10-acre parcel in Noida’s Sector 105, acquired through an auction from the Noida Authority, where Max Estates will develop luxury residential units.
Max Estates has also been acquiring land or development rights for future projects, meanwhile. In September, it said it has acquired development rights for a 7.25 acre land parcel in Gurugram's Golf Course Extension Road. The project with 1.3 million sq ft development potential is expected to generate some ₹3,000 crore of booking value. This project is part of the company’s ₹17,000 crore launch pipeline this fiscal.
On the commercial office front, Max Estates has a partnership with New York Life Insurance, where Max Estates holds 51% stake and New York Life 49%. The latter has committed a ₹1,800 crore to the office portfolio.
“We’ve already acquired land worth ₹750 crore, achieved financial closure, and begun development. The projects which will take our annualized lease rentals to ₹750-850 crore. The broader strategy is to strengthen our commercial portfolio and then evaluate various opportunities that emerge,” Vachani said.
Vachani said that while the company has grown substantially in recent years, the scale of growth will be bigger in the years to come.
“When we started, we had no projects and no land bank, and today, we have scaled to around 18.5 million sq ft across 11 projects in Noida and Gurugram. In the last 6-7 years, we also divested our packaging business completely and focused entirely on real estate. We have also grown from a team of 30 to over 300 people,” he added.
In a property market such as NCR, which has been a hotspot of excesses and violations by many developers in the past, a developer's brand is critical. So, the trust and confidence of home buyers in a developer are key to success, said Santhosh Kumar, vice-chairman of Anarock Property Consultants.
Max Estates is well positioned on that front, Kumar said. “Max as a corporate brand, as well the senior living brand Antara, has gained that trust over the years. Max's focus on project execution and delivery along with the brand value gives them confidence. Home buyers also know the company has the financial bandwidth and will deliver,” he added.
Frequently Asked Questions
What is Max Estates planning to launch in the next few years?
Max Estates is preparing to launch housing projects with an estimated gross development value (GDV) of ₹17,000 crore over the next couple of years, starting this fiscal.
What is the expected growth in Max Estates' annuity or rental income?
Max Estates plans to grow its annuity or rental income from ₹150-200 crore to ₹750-850 crore in five years.
What are the three residential projects Max Estates is launching in FY26?
The three residential projects are: an inter-generational living concept in Gurugram, an ultra-luxury project named Delhi One in south Delhi, and a 10-acre luxury residential development in Noida’s Sector 105.
What is Max Estates' partnership with New York Life Insurance?
Max Estates has a partnership with New York Life Insurance, where Max Estates holds 51% stake and New York Life 49%. New York Life has committed ₹1,800 crore to the office portfolio.
How has Max Estates grown since it started operations?
Max Estates has grown from no projects and no land bank to around 18.5 million sq ft across 11 projects in Noida and Gurugram. The company has also grown from a team of 30 to over 300 people.
Related News Articles
Amitabh and Abhishek Bachchan Expand Real Estate Empire with INR 24.95 Crore Investment in Mulund
Bollywood icons Amitabh and Abhishek Bachchan have made a significant real estate investment in Mulund West, Mumbai, acquiring ten upscale apartments for INR 24.95 crore. This move highlights their strategic approach to property investments and their fait
Macrotech Developers Files IPR Suit Against Brother Over 'Lodha' Name
Mumbai: Macrotech Developers, a prominent real estate company headed by Abhishek Lodha, has initiated an intellectual property rights (IPR) lawsuit in the Bombay High Court to prevent his brother from using the 'Lodha' name.
Office Space Demand in Top 6 Cities to Reach 700 Lakh Sq Ft in 2025
Real estate consultant Colliers India projects a strong demand for office space in the top six cities, including Bengaluru, Pune, Hyderabad, and Chennai, with gross leasing transactions estimated at 650-700 lakh square feet this year.
LIC-backed Navratna Multibagger Penny Stock Secures Rs 82 Crore Order
A LIC-backed Navratna multibagger penny stock has secured a significant order worth Rs 82 crore, marking a major milestone in its growth trajectory. The company, which predominantly operates in the PMC segment, is poised for further expansion and increased market presence.
RBI Repo Rate Cut Fails to Boost Real Estate Stocks; Market Reaction Mixed
The Reserve Bank of India's (RBI) recent repo rate cut aimed to stimulate the economy and real estate sector, but the market's reaction has been mixed. Despite expectations of increased residential sales and better liquidity, stocks of major real estate companies like Phoenix Mills, Anant Raj, Sobha, and Oberoi Realty have not shown significant gains.
Mumbai Metro 2B Trial Begins: A Leap Towards Modern Urban Connectivity
Mumbai Metro 2B has officially commenced trials between Mandale and Chembur, marking a significant step towards enhancing the city's public transport network. This development is expected to provide much-needed relief to commuters and boost real estate and urban development in the region.